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4/10/2019
*US Mini Dow Jones Dec 19*
Yesterday close: 26180 +195
DJI rose yesterday,, recovering some of the losses from a steep two-day sell-off amid increasing expectations that the Federal Reserve will cut rates later this month.
4H chart formed a hammer candlestick pattern strong rebound from 25700 level, which is also RSI oversold, close above 26200 to trigger more upside.
*Classic Support & Resistance*
Support: 25700 25220
Resistance: 26630 27040
*Recommended trading plan today:*
1. Buy 26187, stop 26162, profit 26212/26237/26262
2. Sell 26125, stop 26150, profit 26100/26075/26050
*Margin Requirement (per lot):*
USD 6050
Disclaimer: For idea sharing only, trade at your own risk
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